Novogradac Expands its Public Housing Authority Expertise

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Rich Larsen, CPA Joins Novogradac & Company LLP

Adding a national leader in serving public housing authorities, as well as another location from which to serve its nationwide roster of clients, Novogradac & Company LLP will open an office June 1 in Toms River, N.J., and welcome Rich Larsen into partnership. Toms River will be the 22nd office for the San Francisco-based national certified public accounting and consulting firm.

Larsen will be joined by eight staff members at the Toms River office. It’s the second New Jersey office for Novogradac & Company LLP, which also serves clients in Iselin, N.J.

“Rich Larsen has extensive experience and knowledge within the affordable housing industry–particularly with public housing agencies – which will ensure that our clients continue to receive the expert service for which Novogradac & Company is known,” said Michael J. Novogradac, CPA, managing partner of the firm. “Novogradac & Company also looks forward to expanding services to our housing authority clients as well as building new relationships.”

Mr. Larsen has a successful practice with public housing authorities and their nonprofit affiliates, including conducting specialized audits and consulting on asset management. His office will, along with other tax and audit matters, focus on clients who participate in the Low-Income Housing Tax Credit (LIHTC) program and U.S. Department of Housing and Urban Development (HUD) programs.

“This is an exciting opportunity to join a firm with such a great reputation for tax credit expertise and professional service,” said Mr. Larsen. “Novogradac & Company’s standards for outstanding service and technical skill are unmatched. I look forward to continuing and building on that tradition as we serve our clients.” The Toms River office will be at 252 Washington St., Suite B, Toms River, N.J., 08753.

Before joining Novogradac & Company LLP, Mr. Larsen was a partner with Fallon & Larsen LLP, directing the company’s affordable housing practice. He is a member of the New Jersey Chapter of the National Association of Housing and Redevelopment Officials (NJNAHRO) and the New Jersey Association of Housing and Redevelopment Authorities (NJAHRA). Mr. Larsen has more than 25 years’ accounting experience.

Novogradac began operations in 1989 and has since grown to more than 500 employees and partners with offices Novogradac & Company LLP is a national certified public accounting and consulting firm headquartered in San Francisco, Calif. with offices in Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; Iselin and Toms River, N.J.; St. Louis; Boston; New York; Chicago; Austin, Texas; Portland, Ore.; Naples, Fla., Raleigh, N.C.; and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle. Novogradac was recently named the INSIDE Public Accounting’s (IPA’s) list of the “Best of the Best” firms for the 13th time. It also grew to the 32nd largest accounting firm in the nation, according to IPA.

Specialty practice areas include tax, audit and consulting services for tax-credit-assisted multifamily and affordable housing, community revitalization and rehabilitation of historic properties. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

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